For students thinking about medical school, the cost can be overwhelming. Start planning for student loans, living costs, scholarships, and more, even if it’s years in the future. But just what are medical school costs around the world?
Whether you are a medical student looking at American medical colleges or med school overseas, there is something for you. Read on to learn about American medical school costs, International med school costs, and Caribbean medical school costs.
MEDICAL SCHOOL COSTS
So, you’re a student considering medical school but worried about the cost? We get it.
Medical school can be costly and saddling for students with hundreds of thousands of dollars throughout their education.
But just how expensive is medical school? Well, it’s more complicated. Different types of schools come with separate price tags. And costs include things like the application fee, health insurance, and living expenses.
For tips for putting together your application, click on this link.
The price is high if you combine everything. Depending on the location of the medical school, the cost of attending can be even higher. An American education is more expensive than an international one, even if the education itself is comparable. So, read below to find out just how different costly types of medical school can be.
We will look at three different categories of medical school; American, International, and Caribbean. Before we begin, it’s important to note that these are broad categories, and there is some variance within each. To get better medical school cost information, make sure you reach out to the individual school you are interested in directly.
AMERICAN MEDICAL SCHOOLS
The United States has some of the most prestigious medical schools in the world. But those name brands come with a high price.
If a student wants to attend an American medical school, they need to know that they’ll have to shell out a premium for the brand name. Additionally, there need to be more spots for all the prospective students, making it very challenging academically to get in. We will break this category into two sections, public and private schools.
PUBLIC MEDICAL SCHOOL COST:
The government subsidizes public medical schools. Thus a prospective medical student will find public attendance costs much cheaper than their private school cohorts. Public medical schools like UCLA, University of Washington, and University of Virginia have top-notch institutions that train brilliant doctors. They do so at a better rate than private schools.
However, in-state vs. out-of-state medical school tuition is something to think about. Attending a Med School not in your state is much more expensive.
Public medical school in America has average tuition and fees is $37,611 per academic year. For in-state students and $61,916 for out-of-state residents. This comes out to $150,444 for in-state students throughout their education and $247,664 for out-of-state students.
PRIVATE MEDICAL SCHOOL COST:
American private medical schools are some of the oldest and most respected medical institutions. They include the likes of John Hopkins, Duke, Yale, Emory, and Harvard. In-state and out-of-state costs can vary, but usually by only a few thousand dollars.
Private medical school costs are around $60,719 for in-state students and $62,289 for out-of-state students per year. Throughout education, this comes to an average of $242,876 for in-state residents and $249,156 for out-of-state students.
INTERNATIONAL
Studying medicine abroad is a great choice for students. They might be seeking adventure, looking for affordable education, or worried about not getting into US medical schools. There is a wide range so we will highlight costs across several countries, Canada, Israel, and Australia.
There are other countries with reputable medical schools, too, such as the UK, Ireland, and India. Still, the further a student gets from those three countries, the less reliable the institutions can be.
CANADIAN MEDICAL SCHOOLS
Canada, famous for ice, bears, hockey, and friendly chats, is also gaining recognition in the field of medical education. Canada has excellent medical universities such as University of Toronto, McMaster University, University of British Columbia, and McGill University. They are more affordable than those in the neighboring country to the south.
For an American Citizen, annual medical school tuition is $23,000, and for a Canadian resident: $13,000. This comes to $92,000 and $52,000 throughout medical education.
ISRAELI MEDICAL SCHOOLS
Israel’s long history of medical discoveries and scientific advancements has made it known for its top medical universities. Top Israeli medical schools include Tel Aviv University, Hebrew University of Jerusalem, and Technion Israel Institute of Technology. An international student can expect to pay around $38,000 in medical school tuition and fees – $152,000. However, for those lucky enough to call Israel home, the medical school costs are only a fourteenth of that.
AUSTRALIAN MEDICAL SCHOOLS
Australia has the most comparable prices to an American medical school, and it’s easy to see why with sterling offerings like the University of Melbourne, Australian National University Medical School (ANUMS), University of Queensland, and Monash University.
Australia, Ireland, and the UK provide financial support for medical school fees, making it very affordable for Australian residents. But, only American international students have to pay that price, so it is one of the pricier choices for Americans. US residents pay approximately $47,000 per year and up to $188,000 for their medical degree.
CARIBBEAN MEDICAL SCHOOLS
Caribbean medical schools, although still international, earned their section by becoming popular in the mid-1980s. The founders created the organization to help medical students who wanted to study abroad for various reasons.
Click here to read more on why to consider a Caribbean medical school.
The Caribbean medical school arena is broad and diverse. There is a significant variation in price and quality from island to island and school to school. Start your search with the best five medical schools in St. George’s, SABA, Aruba (AUSOMA), Ross, and Caribbean Medical School (AUOCMS). American and International medical boards approve and acknowledge all five, and they compete with American schools in education quality.
Beyond those, there is a wide range, and it’s essential to scope out acceptance rates, USMLE scores, and more. In terms of price, there is a range from $37,000 ($150,00 for the degree) to $70,000 ($3000,000).
However, AUSOMA prides itself on affordability. A degree only costs $88,000, only $22,000 per year, making it easy to avoid student loan debt. To learn more about AUSOMA, click here.